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Walmart Inc. (NYSE:WMT) Stake Raised by IPG Investment Advisors LLC

Walmart logo with Retail/Wholesale background

Key Points

  • IPG Investment Advisors LLC increased its holdings in Walmart by 68.2% during the 1st quarter, now owning 56,540 shares worth approximately $4.97 million.
  • Several hedge funds have recently altered their positions in Walmart, with notable increases from Bear Mountain Capital Inc. at 98.2% and Lipe & Dalton at 95.2%.
  • Walmart's stock has a current consensus rating of "Moderate Buy" with an average price target of $106.67, following various analysts' updated recommendations.
  • Five stocks we like better than Walmart.

IPG Investment Advisors LLC increased its holdings in Walmart Inc. (NYSE:WMT - Free Report) by 68.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 56,540 shares of the retailer's stock after acquiring an additional 22,930 shares during the period. Walmart comprises about 1.1% of IPG Investment Advisors LLC's holdings, making the stock its 22nd largest holding. IPG Investment Advisors LLC's holdings in Walmart were worth $4,974,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of WMT. Bear Mountain Capital Inc. raised its stake in shares of Walmart by 98.2% during the 1st quarter. Bear Mountain Capital Inc. now owns 337 shares of the retailer's stock worth $32,000 after purchasing an additional 167 shares in the last quarter. EQ Wealth Advisors LLC purchased a new stake in shares of Walmart during the 1st quarter worth about $35,000. Lipe & Dalton raised its stake in shares of Walmart by 95.2% during the 1st quarter. Lipe & Dalton now owns 410 shares of the retailer's stock worth $36,000 after purchasing an additional 200 shares in the last quarter. Nexus Investment Management ULC purchased a new stake in shares of Walmart during the 1st quarter worth about $49,000. Finally, Vega Investment Solutions purchased a new stake in shares of Walmart during the 4th quarter worth about $54,000. 26.76% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. Citigroup reissued a "buy" rating on shares of Walmart in a report on Tuesday, May 6th. Stifel Nicolaus lowered their price objective on Walmart from $93.00 to $91.00 and set a "hold" rating on the stock in a report on Wednesday, April 9th. Wall Street Zen raised Walmart from a "hold" rating to a "buy" rating in a report on Monday, May 12th. UBS Group lowered their price objective on Walmart from $112.00 to $110.00 and set a "buy" rating on the stock in a report on Thursday, April 10th. Finally, Mizuho increased their price objective on Walmart from $105.00 to $115.00 and gave the company an "outperform" rating in a report on Monday, June 9th. Two investment analysts have rated the stock with a hold rating, thirty have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Walmart presently has a consensus rating of "Moderate Buy" and an average target price of $106.67.

Read Our Latest Analysis on WMT

Insider Activity at Walmart

In other news, CEO C Douglas Mcmillon sold 19,416 shares of the business's stock in a transaction on Thursday, July 24th. The stock was sold at an average price of $95.58, for a total transaction of $1,855,781.28. Following the completion of the sale, the chief executive officer owned 4,412,398 shares in the company, valued at $421,737,000.84. The trade was a 0.44% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Kathryn J. Mclay sold 4,000 shares of the business's stock in a transaction on Monday, July 21st. The stock was sold at an average price of $95.14, for a total value of $380,560.00. Following the sale, the executive vice president owned 1,056,455 shares of the company's stock, valued at approximately $100,511,128.70. The trade was a 0.38% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 143,912 shares of company stock valued at $13,863,813 over the last quarter. 45.58% of the stock is currently owned by corporate insiders.

Walmart Price Performance

Shares of WMT stock opened at $98.40 on Monday. The stock has a market capitalization of $785.27 billion, a PE ratio of 42.05, a PEG ratio of 4.74 and a beta of 0.66. Walmart Inc. has a 52 week low of $66.67 and a 52 week high of $105.30. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.22 and a current ratio of 0.78. The stock's fifty day moving average is $96.86 and its 200-day moving average is $95.08.

Walmart (NYSE:WMT - Get Free Report) last released its earnings results on Thursday, May 15th. The retailer reported $0.61 earnings per share for the quarter, topping analysts' consensus estimates of $0.58 by $0.03. The company had revenue of $165.61 billion during the quarter, compared to the consensus estimate of $164.53 billion. Walmart had a return on equity of 21.76% and a net margin of 2.75%. The firm's quarterly revenue was up 2.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.60 earnings per share. Equities research analysts expect that Walmart Inc. will post 2.55 EPS for the current fiscal year.

Walmart Profile

(Free Report)

Walmart Inc engages in the operation of retail, wholesale, other units, and eCommerce worldwide. The company operates through three segments: Walmart U.S., Walmart International, and Sam's Club. It operates supercenters, supermarkets, hypermarkets, warehouse clubs, cash and carry stores, and discount stores under Walmart and Walmart Neighborhood Market brands; membership-only warehouse clubs; ecommerce websites, such as walmart.com.mx, walmart.ca, flipkart.com, PhonePe and other sites; and mobile commerce applications.

See Also

Institutional Ownership by Quarter for Walmart (NYSE:WMT)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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